HVAC

Smart Cities Market worth $1,114.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 16, 2024

By smart building, commercial type is estimated to account for the largest market share in the Smart Cities Market during the forecast period.

Key Points: 
  • By smart building, commercial type is estimated to account for the largest market share in the Smart Cities Market during the forecast period.
  • To determine and forecast the global Smart Cities Market based on focus areas: smart transportation, smart buildings, smart utilities, smart citizen services, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • Analyze each submarket concerning individual growth trends, prospects, and contributions to the overall Smart Cities Market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Smart Cities Market.

Smart Cities Market worth $1,114.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, February 16, 2024

By smart building, commercial type is estimated to account for the largest market share in the Smart Cities Market during the forecast period.

Key Points: 
  • By smart building, commercial type is estimated to account for the largest market share in the Smart Cities Market during the forecast period.
  • To determine and forecast the global Smart Cities Market based on focus areas: smart transportation, smart buildings, smart utilities, smart citizen services, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • Analyze each submarket concerning individual growth trends, prospects, and contributions to the overall Smart Cities Market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Smart Cities Market.

Gentherm’s ClimateSense® Technology Named a Winner of the 2024 BIG Innovation Award

Retrieved on: 
Friday, February 16, 2024

NORTHVILLE, Mich., Feb. 16, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, was named a winner of the Business Intelligence Group 2024 BIG Innovation Award for its ClimateSense® Technology.

Key Points: 
  • NORTHVILLE, Mich., Feb. 16, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, was named a winner of the Business Intelligence Group 2024 BIG Innovation Award for its ClimateSense® Technology.
  • ClimateSense is the world’s first scalable intelligent automotive microclimate comfort solution that uniquely delivers personalized comfort for each occupant.
  • ClimateSense seamlessly integrates into the existing vehicle architectures, utilizing localized convective and conductive heating and cooling, plus radiative heating to provide optimal comfort while reducing vehicle energy consumption.
  • ClimateSense was also recognized as a winner of the 2023 Reuters D.R.I.V.E Honour in the ‘Reducing Emissions’ category and named a finalist for the 2023 Automotive News PACE Awards, with winners to be announced April 2024.

Comfort Systems USA Announces Fourth Quarter and Full Year 2023 Conference Call and Webcast

Retrieved on: 
Thursday, February 15, 2024

Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly conference call and webcast for Friday, February 23, 2024, at 10:00 a.m. Central Time to discuss fourth quarter and full year 2023 financial results.

Key Points: 
  • Comfort Systems USA, Inc. (NYSE: FIX), a leading provider of mechanical and electrical contracting services including heating, ventilation, air conditioning, plumbing, electrical, piping and controls, announces that it has scheduled its quarterly conference call and webcast for Friday, February 23, 2024, at 10:00 a.m. Central Time to discuss fourth quarter and full year 2023 financial results.
  • The conference call will be broadcast live in listen-only mode on the Company’s website at https://investors.comfortsystemsusa.com/ .
  • The call and the slide presentation to accompany the remarks can be accessed under the “Investors” tab after fourth quarter and full year 2023 results are released.
  • Comfort Systems USA® is a premier provider of business solutions addressing workplace comfort, with 172 locations in 131 cities around the nation.

Arch Secures $6.2 Million to Accelerate Heat Pump Installs as Households Grapple with Energy Prices

Retrieved on: 
Thursday, February 15, 2024

SAN FRANCISCO, Feb. 15, 2024 /PRNewswire/ -- Arch, a data intelligence platform for HVAC contractors, announced today that it has raised $6.2 million in seed funding from Gigascale Capital, Coatue, Floodgate, ReGen Ventures, and MCJ Collective. The investment comes as a fast-growing majority of Americans want to electrify their homes amid a shortage of installers and high upfront costs. Arch aims to ease both by transforming the sales process and making heat pumps the obvious financial and performance choice for contractors and homeowners. The company will use the funds to grow its engineering team and expand its customer base in the Northeast and California.

Key Points: 
  • Arch aims to ease both by transforming the sales process and making heat pumps the obvious financial and performance choice for contractors and homeowners.
  • Contractors typically face time-consuming sales processes and low conversion rates, spending 80% of their time on leads that won't convert, a cost-shared across every installed heat pump.
  • The platform enables contractors to quickly analyze homes, optimize heat pump systems, and will soon include savings calculations.
  • To date, Arch has processed over $4 million of heat pump sales through the platform and expects that amount to be 10x or more in 2024.

Infinitum Named as a Finalist in the World Renowned 2024 Edison Awards

Retrieved on: 
Thursday, February 15, 2024

Infinitum , creator of the sustainable air-core motor, has been named a finalist in the 2024 Edison Awards.

Key Points: 
  • Infinitum , creator of the sustainable air-core motor, has been named a finalist in the 2024 Edison Awards.
  • This is the second consecutive year that Infinitum has been named a finalist in the prestigious Edison Awards.
  • The entire team at Infinitum is thrilled to be named an Edison Awards finalist for a second year in a row.”
    All nominations are reviewed by the Edison Awards’ Steering Committee and an executive judging body.
  • Gold, Silver and Bronze winners will be announced at the Edison Awards Gala on Thursday, April 18, 2024 in Fort Myers, FL.

Shaker, LG and the Ministry of Investment of Saudi Arabia (MISA) Sign an MOU to Explore Local Manufacturing of AC Compressors in Saudi Arabia

Retrieved on: 
Thursday, February 15, 2024

Khalid AlFalih, Minister of Investment; Mr. Abdulelah Abunayyan, Chairman of Shaker Group; Eng.

Key Points: 
  • Khalid AlFalih, Minister of Investment; Mr. Abdulelah Abunayyan, Chairman of Shaker Group; Eng.
  • It's a testament to our dedication to not only enhancing local production capabilities but also to establishing Saudi Arabia as a pivotal exporter in the region.
  • This initiative not only enhances our product offerings but also ensures that Saudi Arabia leads in sustainable manufacturing practices.
  • We are excited about the prospects this MoU presents for Shaker, LG, and the Kingdom, driving innovation and excellence in the HVAC industry at large."

Shaker, LG and the Ministry of Investment of Saudi Arabia (MISA) Sign an MOU to Explore Local Manufacturing of AC Compressors in Saudi Arabia

Retrieved on: 
Thursday, February 15, 2024

Khalid AlFalih, Minister of Investment; Mr. Abdulelah Abunayyan, Chairman of Shaker Group; Eng.

Key Points: 
  • Khalid AlFalih, Minister of Investment; Mr. Abdulelah Abunayyan, Chairman of Shaker Group; Eng.
  • It's a testament to our dedication to not only enhancing local production capabilities but also to establishing Saudi Arabia as a pivotal exporter in the region.
  • This initiative not only enhances our product offerings but also ensures that Saudi Arabia leads in sustainable manufacturing practices.
  • We are excited about the prospects this MoU presents for Shaker, LG, and the Kingdom, driving innovation and excellence in the HVAC industry at large."

GE Appliances & Savant Partner to Revolutionize Net Zero Energy Homes

Retrieved on: 
Thursday, February 15, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240215563208/en/
    GE Appliances EcoBalance System in partnership with Savant (Photo: GE Appliances, a Haier company)
    GE Appliances, a Haier company, is America’s number one appliance company, the first choice for builders and the first to offer suites of connected appliances.
  • It’s collaborating with Savant, the parent of GE Lighting, a Savant company, a leader in smart home and power and the first to offer smart home and power combined control, to launch the GE Appliances EcoBalance System.
  • The GE Appliances EcoBalance System in partnership with Savant will be integrated with the appliance brands GE Profile™, GE®, Monogram®, and feature Savant smart lighting and power products.
  • Homeowners will have access to energy efficient appliances available at every price point, as well as Savant’s clean energy generation and storage options.

MODINE WILL SHOWCASE NEW RESIDENTIAL AND LIGHT COMMERCIAL HEATING SOLUTIONS AT INTERNATIONAL BUILDERS SHOW

Retrieved on: 
Thursday, February 15, 2024

RACINE, Wis., Feb. 15, 2024 /PRNewswire/ -- Modine (NYSE: MOD), a leader in innovative heating solutions in the HVAC industry, announced today they are exhibiting and showcasing a variety of newly released heating options at the International Builders Show at booth SU1030.

Key Points: 
  • The company's Hot Dawg® Garage Heater and gas-fired patio heater will also be on display, offering contractors a variety of heating solutions to consider for commercial and residential spaces.
  • "Our goal at Modine is to meet contractors and heating professionals where they are," said Vice President and General Manager of Modine's Heating business, Jon Schlemmer.
  • We are excited about the diverse solutions we can display for contractors at the International Builders Show.
  • With our new low-profile offerings, they can build in heating solutions at the start of a project rather than retrofitting later."